COMPANY REPORT

AALI
ASTRA AGRO LESTARI TBK.

Company Profile

PT Astra Agro Lestari Tbk. was established dated October 3rd, 1988. The Company is
committedtomanageoilpalmplantationwithlocationsspreadoverSumatra,Kalimantan,
andSulawesi,producinghighqualityCrudePalmOil(CPO),tomeetthedemandsofboth
thedomesticandexportmarkets.
ApartfromproducingCPO,theCompanyalsoproducespalmoilderivativeproductsatits
refinery established in West Sulawesi. These palm oil derivative products are aimed to
satisfythedemandsoftheexportmarket.
AsoneofthelargestoilpalmplantationsinIndonesiawhichhasbeenoperatingfor35
years, PT Astra Agro Lestari Tbk (Perseroan) may be considered as role model in
managing oil palm estates. Moreover, through a partnership model with the
communities,boththroughaplasmaprogramandIncomeGeneratingActivities(IGA),the
Companywasabletorealizeitsvisiontobecomealeadingcompanyandcontributetothe
developmentandprosperityofthenation.

In addition to strengthening its position at the upstream sector by managing an area of

297,862 hectares comprising nucleus and plasma plantations, the Company also
strengthened its palm oil downstream business. Owning a palm oil refinery, PT Tanjung
SaranaLestariintheMamujuUtaraRegency,WestSulawesiand50%equitysharesinPT
Kreasijaya Adhikarya in Dumai, Riau Province, has significantly strengthened the
Companyscompetitivenessinthepalmoilbusinesschain.

PTAstraInternationalTbk.istheparententityoftheCompany,whereasJardineMatheson
HoldingsLtd,incorporatedinBermuda,isitsultimateparententity.AsofDecember31st,
2015,theCompanyandsubsidiarieshad36,214permanentemployees.

February 2016

Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.

RESEARCH AND DEVELOPMENT DIVISION

AALI Astra Agro Lestari Tbk. [S]

COMPANY REPORT : JANUARY 2016

As of 29 January 2016

Main Board
Industry Sector : Agriculture (1)
Industry Sub Sector : Plantation (12)

Individual Index
:
Listed Shares
:
Market Capitalization :

1,321.932
1,574,745,000
26,888,770,875,000

31 | 26.9T | 0.55% | 69.46%

49 | 7.61T | 0.56% | 78.38%

COMPANY HISTORY
Established Date
: 03-Oct-1988
Listing Date
: 09-Dec-1997
Under Writer IPO :
PT ABN AMRO Hoare Govett Indonesia
Securities Administration Bureau :
PT Raya Saham Registra
Plaza Central Building 2nd Fl.
Jln. Jend. Sudirman Kav. 47-48, Jakarta 12930
Phone : (021) 252-5666
Fax
: (021) 252-5028
BOARD OF COMMISSIONERS
1. Prijono Sugiarto
2. Anugerah Pekerti *)
3. Chiew Sin Cheok
4. Johannes Loman
5. Soemadi Djoko Moerdjono Brotodiningrat *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Widya Wiryawan
2. Bambang Palgoenadi
3. Jamal Abdul Nasser
4. Joko Supriyono
5. Juddy Arianto
6. Rudy
AUDIT COMMITTEE
1. Soemadi Djoko Moerdjono Brotodiningrat
2. Juliani Eliza Syaftari
3. Ratna Wardhani
CORPORATE SECRETARY
Rudy
HEAD OFFICE
Jln. Pulo Ayang Raya Blok OR - I
Kawasan Industri Pulogadung
Jakarta 13930
Phone : (021) 461-6555
Fax
: (021) 461-6682, 461-6689
Homepage
Email

: www.astra-agro.co.id
: Investor@astra-agro.co.id

SHAREHOLDERS (January 2016)

1. PT Astra International Tbk.
2. Public (<5%)

1,254,831,088 :
319,913,912 :

DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
1997
1998
1998
1999
1999
2000
2001
2002
2003
2004
2004
2005
2006
2006
2007
2007
2008
2008
2009
2009
2010
2010
2011
2011
2012
2012
2013
2013
2014
2014

Shares

Dividend
37.00
60.00
25.00

5:1
45.00
7.00
10.00
60.00
90.00
100.00
150.00
325.00
95.00
230.00
190.00
625.00
350.00
155.00
220.00
685.00
190.00
640.00
300.00
695.00
230.00
455.00
160.00
515.00
244.00
716.00

Cum Date
22-Jun-98
29-Oct-98
27-May-99
27-May-99
31-May-00
07-Jun-01
18-Jun-02
05-Jun-03
04-Jun-04
06-Dec-04
06-Jun-05
12-May-06
17-Oct-06
11-Jun-07
19-Oct-07
16-Jun-08
23-Oct-08
04-Jun-09
30-Oct-09
08-Jun-10
26-Oct-10
20-May-11
24-Oct-11
08-May-12
16-Oct-12
15-May-13
02-Oct-13
09-May-14
09-Oct-14
21-Apr-15

Recording
Date
01-Jul-98
09-Nov-98
08-Jun-99
08-Jun-99
12-Jun-00
13-Jun-01
24-Jun-02
10-Jun-03
09-Jun-04
09-Dec-04
09-Jun-05
17-May-06
20-Oct-06
14-Jun-07
24-Oct-07
19-Jun-08
28-Oct-08
09-Jun-09
04-Nov-09
11-Jun-10
29-Oct-10
25-May-11
27-Oct-11
14-May-12
19-Oct-12
20-May-13
07-Oct-13
14-May-14
14-Oct-14
24-Apr-15

Ex Date
23-Jun-98
30-Oct-98
28-May-99
28-May-99
02-Jun-00
08-Jun-01
19-Jun-02
06-Jun-03
07-Jun-04
07-Dec-04
07-Jun-05
15-May-06
18-Oct-06
12-Jun-07
22-Oct-07
17-Jun-08
24-Oct-08
05-Jun-09
02-Nov-09
09-Jun-10
27-Oct-10
23-May-11
25-Oct-11
09-May-12
17-Oct-12
16-May-13
03-Oct-13
12-May-14
10-Oct-14
22-Apr-15

79.68%
20.32%

Payment
Date
20-Jul-98
23-Nov-98
05-Jul-99
05-Jul-99
26-Jun-00
27-Jun-01
04-Jul-02
24-Jun-03
23-Jun-04
23-Dec-04
23-Jun-05
01-Jun-06
10-Nov-06
25-Jun-07
02-Nov-07
30-Jun-08
11-Nov-08
23-Jun-09
11-Nov-09
25-Jun-10
12-Nov-10
09-Jun-11
10-Nov-11
29-May-12
05-Nov-12
03-Jun-13
23-Oct-13
30-May-14
28-Oct-14
15-May-15

F/I
F
I
F
B
F
F
F
F
F
I
F
F
I
I
I
F
I
F
I
F
I
F
I
F
I
F
I
F
I
F

ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.

Type of Listing
First Issue
Company Listing
Bonus Shares
Option Conversion
Option Conversion I & II
Option Conversion II
Option Conversion I
Option Conversion II & III
Option Conversion III

Shares
125,800,000
1,132,200,000
251,600,000
12,005,000
5,494,500
18,108,500
162,000
9,856,500
19,518,500

T:
T:
T:
T:
T:
T:
T:

Listing
Date
09-Dec-97
09-Dec-97
06-Jul-99
22-Apr-02
10-Jun-02
02-Jul-02
14-Jan-03
14-Jan-04
15-Jan-04

:
:
:
:
:
:
:

RESEARCH AND DEVELOPMENT DIVISION

Trading
Date
09-Dec-97
21-Jul-98
06-Jul-99
07-Jun-02
22-Jan-03
18-May-04
31-Jan-03
23-Apr-04
13-May-05

AALI AstraAgroLestariTbk.[S]
Closing
Price*

Volume
(Mill. Sh)

30,000

16.0

26,250

14.0

22,500

12.0

18,750

10.0

15,000

8.0

11,250

6.0

7,500

4.0

3,750

2.0

Jan-12

Jan-13

Jan-14

Jan-15

Jan-16

Closing Price*, Jakarta Composite Index (IHSG) and

Agriculture Index
January 2012 - January 2016
60%
45%
30%
18.1%

15%
-15%

-19.9%
-22.2%

-30%
-45%
-60%

Jan 12

Jan 13

Jan 14

Jan 15

Jan 16

SHARES TRADED

2012

2013

2014

Volume (Million Sh.)

Value (Billion Rp)
Frequency (Thou. X)
Days

268
5,693
126
246

388
7,542
167
244

439
10,816
436
242

355
7,681
391
244

32
536
35
20

24,000
17,800
19,700
19,700

25,750
13,100
25,100
25,100

29,850
19,250
24,250
24,250

27,525
14,425
15,850
15,850

17,450
15,600
17,075
17,075

21.94
15.46
3.85

15.62
19.34
3.41

40.32
1.32
2.13

43.43
0.57
2.30

Price (Rupiah)
High
Low
Close
Close*

12.64
PER (X)
33.17
PER Industry (X)
3.31
PBV (X)
* Adjusted price after corporate action

2015 Jan-16

RESEARCH AND DEVELOPMENT DIVISION

Closing Price

Freq.

Volume

Value

Day

TRADING ACTIVITIES

Closing Price* and Trading Volume

Astra Agro Lestari Tbk. [S]
January 2012 - January 2016

Month
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12

High
22,550
23,000
23,350
23,750
21,700
22,000
24,000
23,300
23,400
22,100
21,300
19,750

Low
20,550
20,300
18,500
21,000
18,000
19,150
20,100
21,250
19,350
20,200
17,950
17,800

Close
20,600
22,300
23,350
21,400
20,450
20,050
23,000
22,300
21,950
20,950
18,000
19,700

(X)
10,520
10,953
11,605
10,260
12,047
13,159
9,547
5,828
14,218
8,856
7,904
10,801

Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13

20,850
19,300
19,200
18,700
19,500
21,000
19,900
19,800
21,750
21,300
23,400
25,750

18,750
18,250
17,850
17,300
16,900
17,800
15,500
13,100
18,350
18,500
18,050
22,250

18,850
18,450
18,500
17,700
19,500
19,700
15,550
19,750
19,500
18,600
22,250
25,100

10,591
11,374
15,207
10,808
16,961
17,880
13,025
19,132
15,471
10,945
12,858
12,429

20,796
33,001
36,954
21,488
35,698
42,231
21,333
37,761
52,971
21,638
35,024
28,622

409,347
622,045
678,998
388,219
646,786
814,363
370,322
640,710
1,097,030
435,579
759,116
679,065

21
20
19
22
22
19
23
17
21
21
20
19

Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14

25,800
25,750
27,900
29,475
29,850
29,350
28,175
26,700
26,050
23,500
25,450
24,550

20,650
21,250
24,400
25,125
26,600
26,050
25,600
25,500
22,775
19,250
22,775
22,350

21,475
25,500
26,000
29,400
27,325
28,175
26,700
25,500
23,000
23,500
24,000
24,250

44,874
32,016
42,550
36,774
32,492
26,838
36,013
30,897
36,936
49,512
32,960
33,746

40,059
37,535
37,625
29,006
30,003
28,216
35,895
41,565
42,691
57,643
31,250
27,072

875,810
879,827
991,848
788,587
842,728
770,842
954,698
1,087,452
1,018,059
1,222,233
749,632
634,605

20
20
20
20
18
21
18
20
22
23
20
20

Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15

26,150
26,500
26,525
24,300
27,525
25,850
26,000
20,850
18,750
22,100
21,000
18,150

23,150
23,275
23,150
19,500
20,050
21,325
19,675
14,425
14,800
18,025
16,950
15,375

23,250
24,650
24,300
20,350
24,800
22,950
20,075
17,125
18,125
19,900
16,950
15,850

27,912
29,712
26,722
26,871
33,350
32,679
30,222
28,690
36,232
55,619
32,399
30,614

24,553
29,124
25,084
28,559
38,857
24,454
23,184
22,867
30,935
53,626
29,531
24,679

601,935
726,319
637,986
638,079
974,137
576,705
550,225
412,376
544,607
1,054,439
555,340
408,397

21
19
22
21
19
21
19
20
21
21
21
19

Jan-16

17,450 15,600 17,075

35,425

32,255

535,544

20

(Thou. Sh.) (Million Rp)

17,532
382,289
26,112
569,072
592,007
26,569
24,103
544,061
23,427
471,617
27,916
579,302
20,808
467,231
10,839
240,513
33,952
728,250
18,910
398,764
15,084
297,057
422,905
22,617

21
21
21
20
21
21
22
19
20
22
20
18

AALI AstraAgroLestariTbk.[S]
Financial Data and Ratios

Public Accountant : Tanudiredja, Wibisana, Rintis & Rekan (Member of PricewaterhouseCoopers Global Network)
BALANCE SHEET

Dec-11

Dec-12

Dec-13

Dec-14

Dec-15

838,190

227,769

709,090

611,181

294,441

TOTAL ASSETS AND LIABILITIES (Bill. Rp)

(Million Rp except Par Value)

Cash & Cash Equivalents

Assets

Receivables

16,358

50,068

20,554

47,451

88,026

Inventories

769,903

1,249,050

802,978

1,278,120

1,691,575

Current Assets

1,886,387

1,780,395

1,691,694

2,403,615

2,814,123

Fixed Assets

3,424,194

4,918,673

6,493,712

8,335,003

9,361,731

285,155

150,998

422,305

403,741

324,410

Other Assets
Total Assets

10,204,495 12,419,820 14,964,431 18,559,354 21,512,371

21.71%

20.49%

1,440,351

2,600,540

3,759,265

337,986

453,869

941,812

1,778,337

3,054,409

4,701,077

6,725,576

9,813,584

71.76%

53.91%

43.06%

45.91%

2,000,000

2,000,000

2,000,000

2,000,000

2,000,000

787,373

787,373

787,373

787,373

787,373

1,575

1,575

1,575

1,575

1,575

500

500

500

500

500

Retained Earnings

7,268,639

8,158,203

Total Equity

8,426,158

9,365,411 10,263,354 11,833,778 11,698,787

Growth (%)
Current Liabilities
Long Term Liabilities
Total Liabilities

Book End : December

Growth (%)

24.02%

Liabilities

22,500
18,000
13,500
9,000

15.91%

4,500

4,110,955

3,522,133

2,614,621

6,291,451

2011

2012

2013

2014

2015

TOTAL EQUITY (Bill. Rp)

Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value

Growth (%)
INCOME STATEMENTS
Total Revenues

Dec-11

11.15%

9.59%

15.30%

-1.14%

Dec-12

Dec-13

Dec-14

Dec-15

7.35%

9.60%

28.65%

-19.91%

6,837,674

7,206,837

8,592,003 11,352,975

9,977,118

Gross Profit

3,934,908

4,357,482

4,082,996

4,952,856

3,082,098

601,976

832,589

1,484,383

1,271,019

1,906,585

Growth (%)

Income before Tax

Tax
Profit for the period

9,365

2014

2015

7,008

4,593

2,178

-237

2011

2012

2013

TOTAL REVENUES (Bill. Rp)

16,306
16,306

12,979

Other Income (Expenses)

8,426

11,699

9,019,251 10,544,828 10,413,840

Cost of Revenues

Operating Profit

9,423

11,834
10,263

10,772,582 11,564,319 12,674,999 16,305,831 13,059,216

Growth (%)

Expenses (Income)

11,837

3,332,932

3,524,893

2,598,613

3,681,837

1,175,513

834,367

1,004,627

694,729

1,059,765

479,829

2,498,565

2,520,266

1,903,884

2,622,072

695,684

0.87%

-24.46%

37.72%

-73.47%

Growth (%)

10,773

11,564

13,059

12,675

9,653

6,327

3,000

Period Attributable

2,405,564

2,410,259

1,802,193

2,504,467

619,107

Comprehensive Income

2,498,565

2,453,654

1,937,046

2,585,442

689,403

Comprehensive Attributable

2,405,564

2,346,203

1,834,662

2,468,849

612,292

Dec-11

Dec-12

Dec-13

Dec-14

Dec-15

Current Ratio (%)

130.97

68.46

45.00

58.47

79.90

Dividend (Rp)

995.00

685.00

675.00

960.00

EPS (Rp)

1,527.59

1,530.57

1,144.43

1,590.40

393.15

BV (Rp)

5,350.81

5,947.26

6,517.47

7,514.73

7,429.00

DAR (X)

0.17

0.25

0.31

0.36

0.46

DER(X)

0.21

0.33

0.46

0.57

0.84

ROA (%)

24.48

20.29

12.72

14.13

3.23

ROE (%)

29.65

26.91

18.55

22.16

5.95

GPM (%)

36.53

37.68

32.21

30.37

23.60

OPM (%)

NPM (%)

23.19

21.79

15.02

16.08

5.33

Payout Ratio (%)

65.14

44.75

58.98

60.36

4.59

3.48

2.69

3.96

RATIOS

Yield (%)

-326

2011

2012

2013

2014

2015

PROFIT FOR THE PERIOD (Bill. Rp)

2,621

2,499

2,622

2,520
1,904

2,087

1,552

696

1,017

482

-52

2011

2012

2013

2014

RESEARCH AND DEVELOPMENT DIVISION

2015